A nasty H&S pattern is in place after the recent market sell-offs. From the fundamental perspectives, the mature's market in streaming services has become tightened. A decrease in Q3 Earnings might be a trigger for the stock correction.
Short at risk
Target at the baseline around $285 then rally.
OBV and MACD show a weakening pattern in volume and price action on the right shoulder in which price rallied but OBV showed a pretty stagnant pattern. MACD showed a lower high and lower low in this period.
Expected correction 16.69%.
Short at risk
Target at the baseline around $285 then rally.
OBV and MACD show a weakening pattern in volume and price action on the right shoulder in which price rallied but OBV showed a pretty stagnant pattern. MACD showed a lower high and lower low in this period.
Expected correction 16.69%.
Comment:
NETFLIX Earnings soared through the roof, closed a stop loss
